Macy’s Reports Another Drop in Sales
The largest department store chain in the United States has not reported an increase in comparable-store sales since early 2022.
Posted inArtificial Intelligence Ben & Jerry's Homemade Inc Computers and the Internet Deere & Company Labor and Jobs Macy's Inc Productivity United States Economy Walmart Stores Inc
Will A.I. Boost Productivity? Companies Sure Hope So.
Economists doubt that artificial intelligence is already visible in productivity data. Big companies, however, talk often about adopting it to improve efficiency.
Posted inBrigade Capital Management LP Macy's Inc Shareholder Rights and Activism Shopping and Retail
Activist Investors Raise Bid for Macy’s
The new offer values the department store chain at $6.6 billion. Macy’s, which just announced a strategy to turn around its business, said it would “carefully review” the proposal.
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Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury
The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”